32817 ZIP Code Housing Market
$413,000median sale price
Quick answer: The median home sale price in ZIP code 32817 is $413,000, up 1.4% year-over-year. Homes sell in an average of 33 days with 42 active listings. The market is currently a balanced market.
Is the 32817 ZIP code a buyer's or seller's market?
ZIP code 32817 is currently a balanced market and homes selling in about 33 days. How we determine this →
32817 market data
| Metric | Value |
|---|---|
| Median sale price | $413,000 |
| Median list price | $417,500 |
| Year-over-year price change | +1.4% |
| Average days on market | 33 days |
| Active inventory | 42 listings |
| Sale-to-list price ratio | 97.4% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 32817 zip code, located in Bay Harbor Islands, FL, is currently classified as a balanced market. The median sale price stands at $413,000, representing a +1.4% change year over year. Homes in this area spend an average of 33 days on the market before going under contract. There are currently 42 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 32817 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
56
Last 12 weeks
Days on market
33
Average pace
Active listings
42
Sale-to-list
97.4%
Below asking
Market trends
Market analysis for 32817
The 32817 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 97.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 32817 have increased +1.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 32817 stands at $397,678, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,843 per month. This gives a price-to-rent ratio of approximately 18.0, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
37,014
Median income
$80,711/yr
Median age
31 years
Owner-occupied
5652.0%
College grads
3788.0%
Avg commute
34.8 min
Living in 32817
Zip code 32817 is home to approximately 37,014 residents. The median household income is $80,711 per year, which shapes the types of homes and amenities available in the area. With a median age of 31 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 5652.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 3788.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 34.8 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 32817.
Top public schools in ZIP 32817
6 schools tracked · 5,389 students
The largest public schools serving ZIP code 32817 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
UNIVERSITY HIGH
Grades 9-12 · 2,561 students
ARBOR RIDGE K-8
Grades PK-8 · 773 students
UNION PARK MIDDLE
Grades 6-8 · 667 students
RIVERDALE ELEMENTARY
Grades PK-5 · 577 students
UCP BAILES COMMUNITY ACADEMY
Grades K-8 · 506 students
ORANGE COUNTY PREPARATORY ACADEMY CHARTER
Grades K-8 · 305 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 32817
What is the median home price in 32817?
The current median sale price in 32817 is $413,000, based on recent Redfin transaction data. Prices have changed +1.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 32817 a buyer's or seller's market?
The 32817 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 32817?
Zip code 32817 has a population of approximately 37,014 residents. The median household income is $80,711 per year. About 5652.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 32817?
Properties Incorporated provides comprehensive data for 32817 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 32817 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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